Newswire
Retail
Covid-19: NZ went hard, early, and then went shopping
Retail spending on credit and debit cards bounced back in May as businesses reopened from the covid-19 lockdown.
Air NZ reviewing capital structure, yet to draw on govt lifeline
Air New Zealand said it is still reviewing its capital structure after an Australian media report prompted the national carrier to keep investors abreast of its plans, which may include hitting up the market for money. The Australian Financial Review's Street Talk column toda...
Markets
MARKET OPEN: Choppy offshore leads may keep investors sidelined
Investors may be subdued after the US Federal Reserve said the covid-19 crisis will weigh heavily on economic activity, employment and inflation in the near term. The Fed, in its first economic forecasts since December, said it expects the US economy to contract 6.5 percent an...
Markets
MARKET CLOSE: NZ shares fall as world waits on the Fed
New Zealand shares dipped, taking a lead from Wall Street as investors began taking profit on recent gains and before the US Federal Reserve makes its first economic forecasts since the pandemic struck. The S&P/NZX 50 Index fell 38.17 points, or 0.3 percent, to 11,260.52. With...
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